Saturday, 14 February 2015

Macbeth's Oil Bear Witch Project.

A few big names are continuing to call oil lower and cries of $20 are still rife. Now whilst this may indeed occur at some point in the future, their behaviour is beginning to appear Shakespearean with their now infamous lines learnt by rote by all financial commentators.

So here are Macbeth's weird sisters (For the non-Shakesperean the original is here).

WITCH 1.
Thrice the Saudi Oil Min mew's.

WITCH 2.
Thrice and once, the hedge-fund whined.

WITCH 3.
Bear cries:—'tis time! 'tis time!

WITCH 1.
Down and down oil futures go;
In the poison'd longs throw.
Oil from newly fractured stone,
Margins pared back to the bone;
Swelter'd longs caught sleeping got,
Oil thou'st cursed, just sell the lot!

WITCH 2.
Saudi pumps for Saudi’s sake,
All the rest no profits make;
Rise of new tech on a plug
Fall of Nat, oil sands undug
OPEC talk makes hedges sing,
Sell the call and own the wing,
For a charm of powerful trouble,
Like a hell-broth, oil’s a bubble.